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Oh no! I’m seeing choppy market conditions once more for this system, but were the pairs able to catch some wins? Take a look!

If this is the first time you’re reading about the SMA Crossover Pullback system, make sure you look at the trading rules and risk management adjustments first.

EUR/USD had a new crossover from the earlier update, and this was followed by a stochastic pullback signal to short. This position seems to have gained some bearish momentum but not enough to activate the trailing stop, so I’m a bit worried about this recent pullback.

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart

Cable had a short position left from the previous update, but this barely sustained its downside move before an early signal to exit on a new crossover materialized. Unfortunately, this didn’t catch some gains but it did manage to trim losses.

GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart

Lastly, EUR/JPY had a topsy-turvy ride as it had one position opened after another, only to be closed out on yet another new crossover. Bah!

EUR/JPY 1-hour Forex Chart
EUR/JPY 1-hour Forex Chart

On a less downbeat note, though, these new crossover early exit signals were able to grab a few pips for the pair. Here are the latest positions:

Trade Summary:

SMA Crossover Pullback Positions as of Apr. 10, 2018
Pair Position Entry SL PT Status P/L  (pips) P/L  (%)
GBP/USD Short 1.4060 1.4210 1.3760 Closed -77 -0.51
EUR/USD Short 1.2340 1.2490 1.2040 Open
EUR/JPY Long 130.90 129.40 133.90 Closed +20 +0.13
EUR/JPY Short 131.40 132.90 128.40 Closed +20 +0.13
EUR/JPY Long 131.30 129.80 134.30 Open

Still not enough to recover from the previous set of losses, but at least the early exit signals on EUR/JPY were able to reduce the losses from Cable.

All in all, the pairs closed out with a 37-pip loss or a 0.25% dent on the account. Dollar price action has been funky these past few days owing to the trade spat between the U.S. and China, so it’s understandable how GBP/USD and EUR/USD have been tossing and turning.

ICYMI, check out this system’s performance for Q1 2018!